Short Hindustan Construction: Jitender Kumar

Jitender Kumar, CMT, SBICap Securities is of the view that one can short Hindustan Construction.

Kumar told CNBC-TV18, "I have a sell on Hindustan Construction Company. This stock is trading at Rs 28 levels and I feel the decline has started in the stock and given the good Future OI short accumulation in this, I feel it can move up to Rs 25."

He further added, "HDIL is also one of the stocks which I would like to short but this has fallen a lot. Risk reward is a bit unfavourable but still I feel Rs 95-96 levels can be achieved in HDIL."